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06-16-2017, 07:31 PM #1
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Any lessor should be able to handle this deal even with the hair on it.
The challenge I see is it is likely the advance companies took all asset liens against the company. They may have to subordinate or be paid off.
Your client needs to be made aware of this problem and examine alternatives.
Where did the 750k come from?
What is their business?
Is their any other financing in place?
I'll be glad to help.
Bob Shaw
Rsha w@ironhorsecredit.com
734-929-3800
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